We are currently living in the best time in the history of humanity, at least in terms of the power of creativity and knowledge flow towards the concepts of Industry 4.0 and Web3.0 (what is Web 3.0?). Jobs, wages, hours, and benefits are far superior in the twenty-first century. Despite the pandemic, job projections show that everyone will have a different future with new trends.
One of the characteristics of this era is digitization, which applies to people and organizations alike. This trend is responsible for all the changes and innovations in our daily routines. Thanks to technology, our life (physically speaking) is much simpler. According to the Wall Street Journal, 50 percent of work activities done by humans can have a robotic replacement using the current technology.
However, this will not be a problem for job seekers for the next few years. The paragraphs below will talk about the four most important facts that will mark the future of jobs in this decade.
Remote Work and Hybrid Schedules
The pandemic made digitization a necessity for businesses, schools, and governments. The home office will be a common activity for the next few years, especially in digital marketing, health care, software development, and financial consulting. This trend also means hybrid schedules, which simultaneously save resources for companies and employees.
These schedules consist of working hours from home through digital devices such as computers or smartphones. Some companies plan to apply this modality one or two days per week, while others hire workers to cover 100 percent of their time remotely. At Aquarela Analytics for instance 100% of the total workforce operates remotely and only 40% lives nearby the headquarters.
Manufacturing and transportation companies will drastically change their production over the next ten years. The growth of robotic technology will be a historic victory in the factories of developed countries (and in the rest of the nations, eventually). You may see the negative side of this story, as thousands of manual jobs are lost, but this trend will also be favorable for many more people.
Companies will invest in personnel to maintain, manage, and repair these mechanical systems. In addition, patent companies will invest millions in hiring robotics engineers to develop these machines. On the other hand, we see the demand for other specialized occupations such as data science, cloud computing, and software design in an ever changing technological stack.
Training Centers Within Companies
Employers know the impact of technology and new trends in the job market. A trained team means better results, efficient production, and more profit for the company. The training centers are technical and cultural training strategies. For this reason, it is common to see companies encouraging their employees to attend a coding bootcamp to learn about advanced technology and current trends.
Competition is the main reason employers want updated staff. This is the rise of the self-taught era. If you want to know which job offer is right for you, evaluate the training programs, educational resources, and technical training they offer. Your level of preparation helps you become a more efficient professional prepared for any challenge.
AI for forecasts and dynamic pricing
The future may not be more predictable than it used to be, but the number of attempts to crack it will continue to grow as AI mines ever growing datasets to generate ever more complex combinations. This is at least a “predictable” prediction of the 4.0 industrialization process.
The ability to understand the new workflows of Industry 4.0 will have a high impact on the job market. Working to teach a computer has a significant impact on the ability to look at the data wearing a scientific glass to avoid any types of data bias.
Four Facts that will change the Job Market after industry 4.0 kicks in – Conclusion
In the paragraphs above, we saw the strong impact of technology on each of the trends for the job market in this century or at least this next decade. This field can be a great ally for you, so it is important to consider our own capabilities and interest in joining tech careers. Consider the facts, analyze the patterns of change in the labor market, and prepare for the challenges that lie ahead in the next ten years.
What is Aquarela Advanced Analytics?
Aquarela Analytics is Brazilian pioneering company and reference in the application of Artificial Intelligence in industry and large companies. With the Vortx platform and DCIM methodology, it serves important global customers such as Embraer (aerospace & defence), Scania and Randon Group (automotive), Solar Br Coca-Cola (beverages), Hospital das Clínicas (healthcare), NTS-Brasil (oil & gas), Votorantim Energia (energy), among others.
Stay tuned following Aquarela’s Linkedin!
Syed Ibrahim Imran, from Karachi, Pakistan, started working with Career Karma in July 2020. He is currently enrolled at Iqra University as a BBA student. He has contributed content to some of the best software and IT companies in Pakistan. He hopes to start his own digital marketing agency or real estate firm before he turns 30 years old.
Founder – Commercial Director, Msc. Business Information Technology at University of Twente – The Netherlands. Lecturer in the area of Data Science, Data governance and business development for industry 4.0. Responsible for large projects in key industry players in Brazil in the areas of Energy, Telecom, Logistics and Food.